DUBLIN, Dec 9, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Crude Sulfate Turpentine Market by Type (Alpha Pinene, Beta Pinene, Delta 3 Carene, Camphene, Limonene), Application (Aromatic Chemicals, Adhesives, Paints and printing inks, Camphor), and Region - Global Forecast to 2022" report to their offering.
The crude sulfate turpentine market is projected to grow at a CAGR of 4.10% from 2016 to 2022, to reach a projected value of USD 279.5 Million by 2022
Crude sulfate turpentine has become prominent in recent years due to the increasing demand for fragrance ingredients that require crude sulfate turpentine derivatives; increasing preference of consumers towards eco-friendly products that include crude sulfate turpentine as a substitute to petrochemicals; and increasing demand for personal care products such as perfumes, detergents, and soaps.
North America accounted for the largest market share for crude sulfate turpentine in 2015. Asia-Pacific is projected to be the fastest-growing market during the forecast period considered, due to the high consumption of crude sulfate turpentine in countries such as India and China. This is attributed to the high population in countries and also increasing demand for personal care products in the Asia-Pacific region.
The major restraining factor for the crude sulfate turpentine market is that distillation requires high investments that restricts manufacturers from efficient utilization of the raw material. Moreover, low recovery of black liquor through the kraft process is expected to hamper the market growth of the crude sulfate turpentine globally over the forecast period.
Derives Resiniques eT Terpeniqes (France), one of the prominent players in the crude sulfate turpentine market, focuses on strengthening its crude sulfate turpentine portfolio through expanding its production unit for terpene derivatives in the North American region. Its core competencies are an extensive product portfolio that includes alpha-pinene and beta-pinene and also caters to varied industries such as adhesives and perfumes.
In March 2015, the company signed an agreement with Safic-Alcan (France), a specialty chemical distributor in order to expand business in Czech Republic, Hungary, and Slovakia.
Leading players profiled in this report:
- Renessenz LLC (U.S.)
- International Flavors & Fragrances Inc. (U.S.)
- Privi Organics Limited (India)
- Dujodwala Paper Chemicals Ltd. (India)
- Arizona Chemical Company LLC (U.S.)
- Derives Resiniques et Terpeniqes (France)
- Lawter Inc. (U.S.)
- Harting S.A. (Chile)
- Pine Chemical Group (Finland)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Crude Sulfate Turpentine Market, By Type
8 Crude Sulfate Turpentine Market, By Application
9 Crude Sulfate Turpentine Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/lllqzc/crude_sulfate
Laura Wood, Senior Manager
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SOURCE Research and Markets